Financing Secured for Two Iowa Wind Projects
Posted on Jun 18, 2012 in Financing, Project Development, Renewable Energy | Comments Off on Financing Secured for Two Iowa Wind Projects
With Rabobank and BayernLB providing credit facilities, the 36-MW Hawkeye and 50-MW Rippey wind farm projects continue to move forward. RPM Access, the developer, anticipates that the projects will be completed this fall. Central Iowa Power Cooperative has agreed to purchase energy from the facilities under long-term power purchase agreements. Read more here.
DOE Extends $8 Billion Loan Guarantee for Nuclear Plant
Posted on Jun 11, 2012 in Financing, Grid & Infrastructure, Project Development, Regulation & Policy | Comments Off on DOE Extends $8 Billion Loan Guarantee for Nuclear Plant
The Department of Energy has extended its conditional commitment to the end of the year to provide an $8.3 billion federal loan guarantee to help finance the nuclear expansion of Plant Vogtle in Georgia. Southern Company officials initially said the agreement would be finalized by the end of June. Southern Company subsidiary Georgia Power Company and nuclear partners Oglethorpe Power...
John W. Turk Jr. Power Plant Almost Complete
Posted on Jun 6, 2012 in Project Development | Comments Off on John W. Turk Jr. Power Plant Almost Complete
AEP Southwestern Electric Power Company’s (SWEPCO) John W. Turk Jr. Power Plant in Hempstead County, Arkansas, is almost complete. The plant, on which SWEPCO began construction in late 2008, received its first shipment of coal on May 30 and is expected to go into service later this year. The Longview News-Journal has additional details.
Colorado Hydroelectric Project Breaks Ground
Posted on May 31, 2012 in Project Development, Renewable Energy | Comments Off on Colorado Hydroelectric Project Breaks Ground
Construction of a $22 million hydroelectric project located in Montrose, Colorado, began last week. The project is expected to generate roughly 7.5 MWh of energy and be completed by July 2013. Learn more here.
Idaho Coop Constructs Landfill-to-Gas Generator
Posted on May 31, 2012 in Land Use, Project Development, Renewable Energy | Comments Off on Idaho Coop Constructs Landfill-to-Gas Generator
Kootenai Electric Cooperative teamed up with Kootenai County to develop a landfill-to-methane gas generation facility at the Fighting Creek Landfill. The coop leases the land for the facility and purchases the methane gas produced there from the county. The coop then uses the gas to produce electricity and power local homes. The Kootenai coop funded the $6.5 million plant with Clean...
Electric Coops Gaining Stake in Nuclear Generation Plants
Posted on May 23, 2012 in Project Development, Technology | Comments Off on Electric Coops Gaining Stake in Nuclear Generation Plants
Electric cooperatives in Arkansas and Missouri are getting involved in the development of small modular nuclear electric generation plants. The Little Rock-based Arkansas Electric Cooperative Corp. and Associated Electric Cooperative of Springfield, Missouri, are among a group of 13 utilities committed to collaborating with Westinghouse, which develops small modular reactors. Click...
Construction Begins on 250-Mile Transmission Line in North Dakota
Posted on May 16, 2012 in Grid & Infrastructure, Land Use, Project Development, Renewable Energy | Comments Off on Construction Begins on 250-Mile Transmission Line in North Dakota
Construction began this week on Minnkota Power Cooperative’s $312 million, 250-mile transmission line, which will run from Center to Grand Forks, North Dakota. The 345-kilovolt transmission line is the longest line built in North Dakota in more than 30 years and should be completed by the end of 2013. The line will deliver coal-fired power from a plant near Center, which will allow...
North Dakota Coop Awarded 50-Year Federal Contract
Posted on May 16, 2012 in Project Development, Regulation & Policy | Comments Off on North Dakota Coop Awarded 50-Year Federal Contract
Verendrye Electric Cooperative will officially take over the electrical facilities at Minot Air Force Base on June 1. In 2010, the coop was awarded a 50-year federal contract to purchase, maintain and operate the electrical distribution infrastructure on the base. According to Air Force estimates, the contract will be worth nearly $85 million over the 50-year period. The Minot Daily...
With Help of CFC, Texas Coop Secures $115 Million in Financing for Renewable Projects
Posted on May 14, 2012 in Environmental, Financing, Project Development, Renewable Energy | Comments Off on With Help of CFC, Texas Coop Secures $115 Million in Financing for Renewable Projects
The National Rural Utilities Cooperative Finance Corporation (CFC) recently helped Nacogdoches, Texas-based East Texas Electric Cooperative (ETEC) secure $115 million through a syndicated credit facility. CFC and Regions Bank, based in Birmingham, Alabama, participated in a four-year, unsecured revolving credit transaction in which CFC will serve as the administrative agent. ETEC...
Update on Wisconsin Transmission Project
Posted on May 14, 2012 in Grid & Infrastructure, Permitting, Project Development | Comments Off on Update on Wisconsin Transmission Project
As expected, the Public Service Commission of Wisconsin approved a new high-voltage power line that is designed to reduce grid congestion in the Midwest power grid. The Journal Sentinel has more on the project and the approval.
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